The restructuring events database contains factsheets with data on large-scale restructuring events reported in the principal national media and company websites in each EU Member State. This database was created in 2002.
Manufacturing Manufacture Of Computer, Electrical Electronic And Optical Products Manufacture Of Computer, Electronic And Optical Products 26.11 - Manufacture of electronic components
100 jobs Number of planned job losses
Announcement Date
4 January 2017
Employment effect (start)
Foreseen end date
31 December 2017
Description
AŽD Praha, a Czech producer and supplier of signalling, telecommunication, information and automation technologies, is to dismiss about 100 workers out of the 1,700 staff in 2017. The reason is that the company expects drop in sales of about CZK 4 billion (EUR 148 million). The company, which focuses on the rail and road transport, is to start new business with the aim to develop the local train without a driver.
Sources
4 January 2017: Hospodárske noviny
4 January 2017: Čianews
Citation
Eurofound (2017), AŽD Praha, Internal restructuring in Czechia, factsheet number 89721, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/89721.
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